Bill > S1200

This bill amends several sections of Florida statutes related to construction bonds. The key provisions are: 1. Requiring notices of nonpayment to be made under oath and providing specific information that must be included in the notice, while also clarifying that minor mistakes or good faith disputes do not invalidate an otherwise valid bond claim. 2. Deeming contractors and subcontractors as "insureds or beneficiaries" under the payment or performance bonds, allowing them to recover attorney's fees if they prevail in a suit against the surety. 3. Modifying the requirements for lienors (those who have provided labor, services, or materials) to serve a written notice of nonpayment as a condition for recovery under the bond, including similar provisions regarding minor mistakes and good faith disputes. 4. Specifying that the amendments to the law on payment or performance bonds only apply to bonds issued on or after October 1, 2019.

Health and Social Services, Justice

Judiciary (Senate), Rules (Senate)

https://www.flsenate.gov/Session/Bill/2019/1200